On Monday, Burberry named a new CEO — Joshua Schulman, the former leader of Coach, then Michael Kors — after comparable retail sales tumbled 21 percent in its first fiscal quarter. The British luxury brand’s latest attempt to push upmarket under chief executive Jonathan Akeroyd and creative director Daniel Lee has struggled to gain traction […]
Macy’s has put an end to the buyout talks with activist investors Arkhouse Management and Brigade Capital. The discussions, aimed at taking the department store chain private in a $6.9 billion deal, failed to reach a conclusion owing to uncertainties around financing and valuation. Macy’s stock took a significant hit, dropping 13% to $16.62 from […]
In recent developments, AI software is bridging the gap for foreign workers in Japan by offering multilingual tutorial videos. This innovation is timely as Japan grapples with labor shortages and an aging population. The introduction of this technology supports businesses in training an increasing number of foreign laborers efficiently. This AI software can generate tutorial […]
In the landscape of modern business, the importance of safeguarding intellectual property (IP) cannot be overstated. Businesses today must navigate a complex web of innovation and competition, making IP protection a critical strategy. Intellectual property refers to creations of the mind such as inventions, literary works, designs, symbols, names, and images used in commerce. Effective […]
In a recent turn of events, Gemini AI was discovered accessing private Google Drive documents without explicit user permission. This raises significant privacy and security concerns over the use of artificial intelligence, even by tech giants like Google. Google previously assured users that their Workspace data would remain private, not used to train AI systems […]
Jeff Bezos and SoftBank have thrown their weight behind Skild AI with a massive $300 million funding round. This injection of capital signals strong investor confidence in Skild’s innovative AI robot brains, which are set to revolutionize numerous industries. Skild AI’s technology promises to enhance the capabilities of existing hardware. Their AI models, trained on […]
The UK High Court Dismisses Tesla’s 5G Patent Lawsuit In a landmark decision, the UK High Court has dismissed Tesla’s lawsuit seeking a 5G patent licence, posing a significant setback for the electric vehicle maker’s ambitions in the UK market. Tesla’s legal attempt was aimed at leveraging essential patents for its innovative 5G technology, pivotal […]
In the sportswear industry, cutting-edge technology is what sets brands apart. The Swiss brand On, known for its innovative approach, is launching a game-changing product. Their proprietary CloudTec technology, inspired by a co-founder’s creative touch using a garden hose, has already made waves, turning running into a sensation akin to “running on clouds.” On’s latest […]
Shoppers are projected to spend approximately $14 billion during Amazon’s Prime Day, a two-day event this week, according to Adobe Analytics. This reflects a 10.5% increase in spending compared to Prime Day 2023. Amazon initiated Prime Day a decade ago, typically in July, and it now accounts for 1% to 2% of the company’s net […]
Swatch Group AG’s shares fell the most in four years after sales and profit plunged amid a China-led slowdown for Swiss watchmakers and other luxury companies. The group, whose brands include Omega, Blancpain, and jeweler Harry Winston, reported a 70 percent drop in operating profit and a 14 percent drop in sales for the first […]
